Rogers (ROG) to Release Quarterly Earnings on Thursday

Rogers (NYSE:ROG) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Rogers has set its Q1 2024 guidance at 0.450-0.650 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.40). Rogers had a net margin of 6.23% and a return on equity of 5.82%. The firm had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. On average, analysts expect Rogers to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Rogers Trading Down 3.6 %

NYSE:ROG opened at $105.75 on Thursday. The company has a current ratio of 4.53, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. Rogers has a 12 month low of $105.73 and a 12 month high of $173.16. The company has a market cap of $1.97 billion, a PE ratio of 34.90 and a beta of 0.69. The company has a 50 day simple moving average of $115.57 and a two-hundred day simple moving average of $121.99.

Institutional Investors Weigh In On Rogers

Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in shares of Rogers by 6.2% during the 1st quarter. American Century Companies Inc. now owns 2,860 shares of the electronics maker’s stock valued at $777,000 after acquiring an additional 168 shares during the period. Bank of Montreal Can grew its position in shares of Rogers by 78.5% during the 1st quarter. Bank of Montreal Can now owns 9,379 shares of the electronics maker’s stock valued at $2,559,000 after acquiring an additional 4,125 shares during the period. MetLife Investment Management LLC grew its position in shares of Rogers by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 9,945 shares of the electronics maker’s stock valued at $2,702,000 after acquiring an additional 3,534 shares during the period. Rhumbline Advisers grew its position in shares of Rogers by 13.0% during the 1st quarter. Rhumbline Advisers now owns 39,668 shares of the electronics maker’s stock valued at $10,778,000 after acquiring an additional 4,576 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Rogers by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,187 shares of the electronics maker’s stock valued at $4,512,000 after acquiring an additional 61 shares during the period. Institutional investors own 96.02% of the company’s stock.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.